IP: Transatlantic Privacy War...

[David Farber <dave@farber.net>]

>
>Date: Wed, 28 Mar 2001 21:20:39 -0800
>To: dave@farber.net
>From: "Suzanne M. Johnson" <sjohnson@pobox.com>
>Subject: Transatlantic Privacy War...
>
>Transatlantic Privacy War Heats Up
>The transatlantic tug of war over different privacy standards notched up 
>as the Bush administration complained to the European Union about the 
>burden their privacy rules will put on U.S. financial institutions.
>Senior Commerce Department and Treasury officials said in a March 23 
>letter released Tuesday that Europe's requirements protecting consumer 
>privacy are "incompatible with real-world operations."
>U.S. financial institutions are putting in place privacy protections under 
>the Gramm-Leach-Bliley Act that modernized the banking system. But those 
>privacy protections fall short of those mandated for Europeans by the EU 
>privacy directive. --Mary Mosquera
>Read the rest:
>http://update.internetweek.com/cgi-bin4/flo?y=eDCL0Bd3p70V30MH35




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